Strange But True: Some Stock Fund Managers Don’t Own Apple

Today’s Investing in Funds report in the Journal looks at how hard it is to find fund managers that “think different” and don’t own shares of Apple.

As the story describes, given Apple’s performance and weighting in important indexes, it’s a major decision for fund managers to not own its shares.

The Fund Fiend column highlights two funds that don’t own Apple (also known to many investors as the stock that can only go up) but still have fared pretty well over the past year. Those funds are the Neuberger Berman Multi-Cap Opportunities and Loomis Sayles Growth.

For MarketBeat readers, here’s a more in depth read on what the two managers are thinking when it comes to the stock that everybody else on the planet seems to feel they need to own.

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